No, your exercise and sale is a "disqualifying sale". It is ordinary income not a capital gain. If the transaction occurred in 2018, the bargain element amount should have been included in the total wages reported in Box
1 of your 2018 Form W-2. Because this is a disqualifying sale (meaning
you are disqualified from taking it as a capital gain and being taxed at
the lower capital gains rate because you sold the shares less than a
year after exercising the option). You can only defer capital gains -both long and short term - by investing in Opportunity zones. You cannot defer ordinary income.
